NOT LISTED FOR SALE

8 Somerset Ln Unit 1 Nantucket, MA 02554

Estimated Value: $1,269,000 - $1,698,000

2 Beds
2 Baths
1,572 Sq Ft
0.33 Acres

Last Sold May 25, 2018

Last sale price $724,000 $461 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $8,220/month

62 Days on Market

About This Home

As of May 2018

This charming 1-story home is a free-standing condominium conveniently located just West of Town. The property offers ample parking and a generous yard filled with mature landscaping; being sold as-is.

Last Agent to Sell the Property

Elizabeth Almodobar

Berkshire Hathaway HomeServices Island Properties Nantucket Listed on: 02/21/2018

Berkshire Hathaway HomeServices Island Properties Nantucket

Last Buyer's Agent

Cameron Gammill

Fisher Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $165

Year Built

  • Built in 1980

Lot Details

  • 0.33

Home Design

  • 1,572 Sq Ft Home
  • Block Foundation

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 27
  • Assessor Parcel Number 464

Property Details

Home Type

Condominium

Est. Annual Taxes

$165

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominium
  • Road Frontage Type: None
  • Lot Size Acres: 0.3259
  • Year Built: 1980
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Possible Use: 3-B
  • Appliances: Stove: Yes, Washer: Yes
  • Has Basement: Full Basement with interior access via hallway stairs, multiple storage areas, utility room with bulkhead access.
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Flooring: Pine, linoleum, tile.
  • Interior Amenities: Ins, Floor 1: Living room, kitchen, laundry room with built-ins, interior access to garage, exterior door to side yard, bathroom, bedroom, bedroom with en-suite bathroom, spacious family room with sliding doors to deck and fenced in portion of yard., Floor 2: Attic storage accessed by pull down stair located in garage.
  • Main Level Bedrooms: 2

Exterior Features

  • Lot Features: Yes
  • Pool Private: No
  • View: None, Res
  • Exterior Features: Deck
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Yes

Utilities

  • Heating: OFHW
  • Sewer: Septic Tank
  • Utilities: Cbl
  • Water Source: Well

Lot Info

  • Parcel #: 464
  • Zoning: R20

Tax Info

  • Tax Annual Amount: 164.85
  • Tax Lot: 27
  • Tax Map Number: 56
  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
May 25, 2018
Sold by
Westerlund Neeltje U
Bought by
Mastriano Michael J and Mastriano Micajah D
Seller's Agent
Elizabeth Almodobar
Berkshire Hathaway HomeServices Island Properties Nantucket
Buyer's Agent
Cameron Gammill
Fisher Real Estate
List Price
$749,000
Sold Price
$724,000
Premium/Discount to List
-$25,000
-3.34%
Current Estimated Value
$1,455,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$731,709
Avg. Annual Appreciation
10.39%
Original Mortgage
$650,876
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mastriano Michael J $724,000 --
Mastriano Michael J $724,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mastriano Michael J $633,000
Closed Mastriano Michael J $650,876
Previous Owner Westerlund Neeltje U $63,000
Previous Owner Westerlund Neeltje U $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2018 05/25/18 Sold $724,000 -3.3% $461 / Sq Ft
04/25/2018 04/25/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $749,000 -- $476 / Sq Ft
Source: LINK

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,998 $914,100 $0 $914,100
2022 $2,487 $664,900 $0 $664,900
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Almodobar

    Seller's Agent in 2018

    Elizabeth Almodobar

    Berkshire Hathaway HomeServices Island Properties Nantucket

    (508) 685-7703

    30 in this area

    30 Total Sales

    Section Image
  • Cameron Gammill

    Buyer's Agent in 2018

    Cameron Gammill

    Fisher Real Estate

    (508) 228-4407

    88 in this area

    88 Total Sales

    Section Image
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Map

Source: LINK

MLS Number: 84148

APN: NANT M:00056 P:00464

Massachusetts Nantucket County Nantucket 02554

8 Somerset Ln Unit 1, Nantucket, MA

This home is located at 8 Somerset Ln Unit 1, Nantucket, MA 02554 since 21 February 2018 and is currently estimated at $1,478,496, approximately $940 per square foot. This property was built in 1980. 8 Somerset Ln Unit 1 is a home located in Nantucket County with nearby schools including Nantucket Elementary School, Cyrus Peirce Middle School, and Nantucket High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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